Ripple has taken another significant step in strengthening its institutional product lineup with the acquisition of digital asset wallet and custody provider Palisade.
Announced on Nov. 3, the deal will bolster Ripple’s custody infrastructure, enabling the company to serve fintechs, corporates, and crypto-native institutions seeking secure digital asset storage and transaction solutions.
Enhancing Ripple’s custody and payments ecosystem
Through the acquisition, Ripple will integrate Palisade’s “wallet-as-a-service” technology into its expanding enterprise suite. Palisade’s platform leverages multi-party computation (MPC), zero-trust architecture, and multi-chain compatibility—supporting fast, secure transactions across networks such as the XRP Ledger, Ethereum, and Solana.
Integrating Palisade’s technology will strengthen both Ripple Custody and Ripple Payments, giving clients a unified platform to manage everything from real-time settlements to high-frequency treasury operations. The integration also supports diverse use cases—such as corporate on-ramps, off-ramps, and subscription payments—while ensuring full compliance and auditability.
A year of rapid expansion
The acquisition marks another milestone in Ripple’s aggressive 2025 growth strategy. In late October, Ripple launched Ripple Prime, a U.S.-based digital asset prime brokerage built from its $1.25 billion acquisition of Hidden Road. The company also completed a $1 billion purchase of treasury software firm GTreasury, integrating crypto settlements into traditional finance workflows.
Ripple President Monica Long emphasized that “secure digital asset custody unlocks the crypto economy,” adding that corporates and financial institutions are increasingly turning to “bank-grade partners” as they enter the digital asset space. Ripple Custody is already used by leading institutions including DBS, Societe Generale–FORGE, BBVA, and Absa Bank.
With over 75 global regulatory licenses, Ripple continues to establish itself as a bridge between traditional finance and decentralized markets. The Palisade acquisition reinforces this vision, merging Ripple’s institutional infrastructure with Palisade’s wallet technology to power both custody and real-time payment solutions.
